Saudi Arabia’s Neom has cancelled a roughly $1 billion tunnelling contract at the heart of its flagship “The Line” giga-project, according to public documents. South Korea-listed Hyundai Engineering & ...

Neom has cancelled the contracts related to the construction of the tunnel sections of The Line in north-west Saudi Arabia, WCN’s sister publication, MEED, reports. In a stock exchange announcement ...

Hyundai Engineering & Construction said a tunnel construction contract in NEOM awarded to a consortium led by the South ...

Saudi Arabia is scaling back its ambitious NEOM mega-project following contract cancellations and rising geopolitical tensions with Iran. The move highlights growing financial pressures on Vision 2030 ...

Saudi Arabia is scaling back Neom's original mega-city vision and repositioning the project around industrial development and large data centers.

“There won’t be a single supermarket,” Saudi crown prince Mohammad bin Salman told Bloomberg in 2017. “Zero. Nobody will go and buy things for their home. Everything will come to your house using ...

Preview as Saudi Pro League leaders Al Nassr prepare to host NEOM without captain and top scorer Cristiano Ronaldo.